Thank you again for this series and this presentation. I observed a few economists debating debt-to-GDP ratios the other day. Some claimed that its a misleading statistic because changes in GDP aren't controlled for. They believe most of the growth in debt-to-GDP is driven by drops in GDP rather than increases in debt, so it was great to see the Total Debt charts.
One goal of very low and sustained interest rates seems to be discouraging savings by incentivizing current consumption and borrowing. But this seems to exacerbate the unpreparedness and inability of individuals, families, companies and governments to withstand one-time or short-term economic shocks and downturns. What strategies are there to re-incentivise savings, and how does savings impact GDP calculations? Any references to study savings rates as a percentage of GDP is much appreciated.
Why would you want an opinion from someone who thought the bitcoin price would go to $100? But by all means take advice from someone who was 50,000 percent wrong in his predictions.
I don't know about you guys but I trust ex IMF employees who haven't made one accurate prediction in 10 years. But I voted for biden. What's your excuse?
